Critical Illness Insurance Plan:
Critical Illness is a disease with life-threatening and sometime untreatable.
Some diseases can look like small negligible disease, but you have to treatment of that disease for life-long,
If there is gap or irregularity during the treatment, the disease may turn to life-threatening critical illness.
For Example – Blood Pressure related diseases, obesity, high blood sugar, etc. You can have treatment for these disease but you have to take medicines and caution for lifelong, if you neglected these small diseases you will be in great problem. These diseases are the mother of some critical illnesses. Your money and assets will ruin out but you can’t recover completely from that critical illness. But for living, you will have to pay regular money for your regular treatment and medicines.
There around 40 critical illnesses, which insurer covers. All insurer don’t cover 40 critical illnesses; some covers 40, some other covers 11, or some cover specific single critical illness like Cancer, there are list of plans to cover critical illnesses, you have to choose as per your requirements and budget.
Critical Illness insurance plan are basically protection plans, there will not be any maturity or bonus at the end of policy term. But, during the policy, if any critical illness diagnosed to you and that is covered under your policy, you will get the money/claim up-to sum-assured per the plan, you can use that amount for your treatment.
There are many plans with pre-defined percentage of sum-assured for stage by stage treatment of the critical illness for the proper treatment of the patient.
There, future premiums will be waived off on diagnose of any critical illness from the list of covered critical illness of your insurance plan.
Earlier, The critical illness insurance mainly offered as rider with main policy but now critical illness plan more popular and stand alone policies on offer by the insurer as per the need of insured persons.
List of critical illness, normally covered by the insurers;
- Heart Attack
- Coronary Artery Disease Requiring Surgery
- Other Serious Coronary Artery Disease
- Angioplasty Or Other Invasive Treatments For Coronary Artery Disease
- Heart Valve Replacement
- Fulminant Viral Hepatitis
- Chronic Liver Disease
- Primary Pulmonary Arterial Hypertension
- Chronic Lung Disease
- Kidney Failure
- Surgery To Aorta
- Aplastic Anaemia
- Major Organ Transplant
- Loss Of Hearing / Deafness
- Loss Of Speech
- Major Burns
- Multiple Sclerosis
- Paralysis / Paraplegia
- Muscular Dystrophy
- Alzheimer’s Disease / Irreversible Organic Degenerative Brain Disorders
- Motor Neurone Disease
- Parkinson’s Disease
- Terminal Illness
- Benign Brain Tumor
- Major Head Trauma
- Bacterial Meningitis
- Apallic Syndrome
- Loss Of Independent Existence
- Aids Due To Blood Transfusion
- Cardiomyopathy and etc.
Critical Illness can affect any one at any stage of life, 1 in 4 men and 1 in 5 women is affected by critical illness before they turned to senior citizen.
Entry-age to take Critical Illness is 18 to 65 years with lifelong policy renewals.